Melvill...
I am interested in hedging wheat for next fall(03)... NOW HOW DO I DO THIS...
I have a significant acerage planted to Osprey CWRW certified seed...I understand this qualifies for a milling specialty contract...
Now... how do I cover off the $50-70/t basis risk the CWB is extracting from us... and why hasn't a fall 2003 price been avaliable... the highest prices in history have come and gone... and the CWB prevented anyone from even attempting a profitable hedge... is this fair?
CPS is in the same problem as winter wheat...
CWRS isn't much better...
So now Lee... what is your marketing idea that doesn't kill me if we have a dry year in 03?
I am interested in hedging wheat for next fall(03)... NOW HOW DO I DO THIS...
I have a significant acerage planted to Osprey CWRW certified seed...I understand this qualifies for a milling specialty contract...
Now... how do I cover off the $50-70/t basis risk the CWB is extracting from us... and why hasn't a fall 2003 price been avaliable... the highest prices in history have come and gone... and the CWB prevented anyone from even attempting a profitable hedge... is this fair?
CPS is in the same problem as winter wheat...
CWRS isn't much better...
So now Lee... what is your marketing idea that doesn't kill me if we have a dry year in 03?
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